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nobody is taking higher ground in washington. af, after the election, you were hoping for a statesman to lead the way to compromise, no luck so far. now there are 32 days until a tax increase for most americans and huge spending cuts take effect automatically. the negotiations to avert that descended into name calling today. yesterday the obama administration proposed tax revenue increases of $1.6 trillion over ten years, guaranteed to anger republicans. and it did. ewatt andrews is on capitol hill for us tonight. wyatt? >> reporter: scott, leading republicans are now calling the president's latest fiscal cliff proposals-- and these are quotes-- "unreasonable, not serious even ludicrous." on the negotiations that are necessary to avoid the cliff, here's how house speaker john boehner described the status there. >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: what set off this reaction was the president's proposal for $1.6 trillion in new taxes over ten years with tst o
nobody is taking higher ground in washington. af, after the election, you were hoping for a statesman to lead the way to compromise, no luck so far. now there are 32 days until a tax increase for most americans and huge spending cuts take effect automatically. the negotiations to avert that descended into name calling today. yesterday the obama administration proposed tax revenue increases of $1.6 trillion over ten years, guaranteed to anger republicans. and it did. ewatt andrews is on capitol...
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>> well, in washington, lately there is not very much that shows that it is likely. but it is a short-term deal that will be something. instancing what we will be seeing that will work. the spending solutions with the help of following up a longer-term reform. the problem is the follow-up normally isn't there. that is really what we need, otherwise will we be facing this crisis year after year. [inaudible] neil: we will watch washington for coming up next >> a lot of the hostage holding mentality, the sad thing is that the governors measure, even in the title of summary said that it could be used for other spending commitments. so really, what you're doing you are doing is giving the legislature another blank check on spending is at an all-time high. who is the atm for that? mom-and-pop, and main street. the people that work for them. neil: i always think that, you know, democrats -- both parties have to work together to fix this. so we don't ever see that haven't materialized. again, easier said than done. in washington, it is like waiting to blank. we don't see it
>> well, in washington, lately there is not very much that shows that it is likely. but it is a short-term deal that will be something. instancing what we will be seeing that will work. the spending solutions with the help of following up a longer-term reform. the problem is the follow-up normally isn't there. that is really what we need, otherwise will we be facing this crisis year after year. [inaudible] neil: we will watch washington for coming up next >> a lot of the hostage...
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Dec 1, 2012
12/12
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it makes the case that spending from washington doesn't actually help people. the younger voters actually think it does. the gop needs to make the case it doesn't. but, in particular, i think republicans need to understand that it is easier because of them and because of the democrats for a major corporation to go to washington with lobbyists and get loopholes in the law than it is to innovate. the gop needs to stop being the party of big business and start being the party of entreprene entrepreneurs. >> let's listen to something senator john mccain said this week about demographics and moving forward politically to try to grow the party and then we'll talk about it on the other side. >> there is no doubt, whatsoever, that the demographics are not on our side and we're going to have to give a much more positive agenda. it can't be just being against the democrats. >> is it, is the problem that the agenda isn't optimistic enough or presented as an optimistic agenda or do people know exactly where republicans stand and they just disagree with the party whole hear
it makes the case that spending from washington doesn't actually help people. the younger voters actually think it does. the gop needs to make the case it doesn't. but, in particular, i think republicans need to understand that it is easier because of them and because of the democrats for a major corporation to go to washington with lobbyists and get loopholes in the law than it is to innovate. the gop needs to stop being the party of big business and start being the party of entreprene...
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Dec 1, 2012
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that's what we hear washington. we are in this big debt problem, the american people, send more money. not deal with the hard things that congressional oversight, do a good job of that. tom coburn is great at it, few are. this is the kind of thing we need to do more of. >> greta: always nice to see you. >> thank you. >> greta: the photo seen around the world. a new york city police officer buying boots for a homeless man. the officer quickly becoming a national hero. you will hear from him next. >> get out your wallet going to restaurants could cost you more. some small business owners are blaming obamacare. one is here to tell you all about it. how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle f less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or
that's what we hear washington. we are in this big debt problem, the american people, send more money. not deal with the hard things that congressional oversight, do a good job of that. tom coburn is great at it, few are. this is the kind of thing we need to do more of. >> greta: always nice to see you. >> thank you. >> greta: the photo seen around the world. a new york city police officer buying boots for a homeless man. the officer quickly becoming a national hero. you will...
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Dec 1, 2012
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the one thing we're getting is a runaway spending in washington, d.c. that's the effect of this unlimited print mag sheen that the federal reserve has. >> let's put some gold into the equation. gold as legal tender. thanks very much to shawn fowler. now speaking of gold, thieves impersonating policemen boarded a boat in curacao and stole 70 gold bars worth an estimated $75 million. sounds like a thriller. authorities say there were six thieves wearing jackets with patches saying police who assaulted the captain and took off the gold in three cars. authorities say the shipment was legal but won't say who owned the gold or where it was headed. now, let's turn and do some stock market work. consumer spending fell in a new report out today. so did real disposable income. could have something to do with superstorm sandy. weak in yesterday's third quarter gdp report. profits, and these are the broadest gdp profits, covering about 5 million large and small companies really came in pretty good in the third quarter. up 9% from a year ago. so even though business
the one thing we're getting is a runaway spending in washington, d.c. that's the effect of this unlimited print mag sheen that the federal reserve has. >> let's put some gold into the equation. gold as legal tender. thanks very much to shawn fowler. now speaking of gold, thieves impersonating policemen boarded a boat in curacao and stole 70 gold bars worth an estimated $75 million. sounds like a thriller. authorities say there were six thieves wearing jackets with patches saying police...
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Dec 1, 2012
12/12
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@ac360. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [
@ac360. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans...